Holdings Characteristics

Ten Largest Stocks

UnitedHealth Group Inc 3.11%
Cisco Systems Inc 3.03%
Mastercard Inc 2.97%
General Dynamics Corp 2.97%
Apple Inc 2.97%
Chubb Ltd 2.97%
Synchrony Financial 2.95%
Fiserve Inc 2.90%
TJX Cos Inc/The 2.88%
Discover Financial Services 2.86%
Total 29.61%

Portfolio Characteristics

Patriot Fund S&P 500
# of Holdings 43 500
Average Market Cap $121.4b $150.1b
Price/ Earnings Ratio 19.9x 20.1x
Price/ Book Ratio 2.8x 2.9x
Beta 0.94 1.00

Sector Diversification

Patriot Fund S&P 500
Information Technology 20.62% 20.67%
Financials 15.04% 14.77%
Health Care 14.16% 13.57%
Consumer Discretionary 12.03% 11.99%
Consumer Staples 9.53% 9.33%
Industrials 9.28% 10.22%
Energy 7.05% 7.51%
Cash 3.42% 0.46%
Telecom Services 2.51% 2.64%
Real Estate 2.32% 2.86%
Utilities 2.16% 3.14%
Materials 1.87% 2.82%

As-of 12/31/16

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

6172-NLD-1/26/2017